GPI S p A : Exercise of “Warrant GPI S.P.A.”

PRESS RELEASE

EXERCISE OF THE "GPI S.P.A. WARRANTS"

The funds raised will finance the GPI Group's growth

Trento, 14 July 2021

As previously disclosed in the press release of 1 July, the GPI Group (GPI:IM) notes that, following the achievement of the "Acceleration Condition" the holders of the "Gpi S.p.A. Warrants" may submit requests for the exercise of warrants to an intermediary belonging to Monte Titoli starting on 26 July 2021 (ex- dividend date) and until 30 July 2021, the final exercise date, on pain of forfeiture of the right to exercise the Warrants.

The Subscription Price of each share arising from exercise of the Warrants is €9.50; the Exercise Ratio is 1:1 (one exchange share per each warrant exercised).

The Warrants will be traded until 27/07/2021 and removed from the official exchange with effect from 28/07/2021, as ordered by Borsa Italiana through Notice no. 22586 of 1 July 2021.

The funds raised through the conversion of the over 2.368 million Warrants into GPI Shares will be put towards financing M&A transactions by contributing to the Group's ongoing growth process.

For further information, refer to the press release of 1 July (https://www.gpi.it/en/news/acceleration-condition-met-for-gpi-s-p-a-warrants/), the Regulation and the notices of amendments to the Regulation available on the Issuer's Website, at the addresses https://www.gpi.it/en/investors/governance/(Articles of Association and Regulations) and https://www.gpi.it/en/investors/investors-documents/(Warrant), respectively.

GPI GROUP

GPI is the preferred partner for software, technologies and services for healthcare, social services and the public administration. Founded more than 30 years ago in Trento, GPI has grown through significant investments in M&A (in Italy and abroad) and R&D, which it carries out in partnership with leading Italian research centres and universities to share scientific, technological, functional and process knowledge applied to the e-health,e-welfare,well-being sectors.

Also drawing on the solutions and know-how gained from the companies that have joined its ecosystem, the Group has masterfully translated the needs of the healthcare industry into cutting-edgehigh-tech solutions and new service models that optimise prevention, diagnosis and care processes, improving people's lives.

The offer combines specialised IT expertise with advisory and design capabilities enabling it to operate in a range of business areas: Software, Care, Automation, ICT and Payment services.

The Company reported consolidated revenues of €271 million in 2020, with over 6,100 employees at year end and more than 2,400 customers in over 60 countries.

GPI was listed on Borsa Italiana in 2016 (AIM segment) and moved to the MTA market in 2018. ISIN ordinary shares: IT0005221517 - ISIN "Warrant GPI SpA": IT0005221475

Press release available at www.gpi.it and www.1info.it

| GPI SPA | Via Ragazzi del '99, 13 - 38123 Trento |

PRESS RELEASE

CONTACTS

Investor Relations

GPI | Fabrizio Redavid, Lorenzo Giollo | [e-mail] | T: [phone] | Via Ragazzi del '99, 13 - 38123 Trento

Media Relations

GPI | Daniela Filbier, Enrico Orfano| [e-mail] | T: [phone] | Via Ragazzi del '99, 13 - 38123 Trento

Specialist

Banca Akros | Bruno Mestice | [e-mail] | T. [phone] | Viale Eginardo, 29 - 20149 Milano

| GPI SPA | Via Ragazzi del '99, 13 - 38123 Trento |

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